December 6, 2012

The Daily Bankruptcy News

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Law:

Bonus Watch: Shearman & Sterling
(DBN)

Bonus Watch: Big Bucks at Boies Schiller (Plus an interview with David Boies himself.)
(DBN)

Kirkland on Baxter, Baker & McKenzie: Business of Law --- Wachtell, White & Case, Ashurst: Business of Law
(DBN)

Argentina debt battle puts NY law firm in spotlight
(DBN)

Bankruptcy Attorney is Lead Singer As Wall Street Rocks Battle of the Bands - Ends in Tie
(DBN)

Legal Departments Are Working Harder, With Less
(DBN)

Should Law Firms Get More Money for Simply Showing Up? Reasons to Nix Rate-Increase Letters
(DBN)

Millennials: This Is Why You Fail
(DBN)

Newbie Lawyer Becomes a ‘National Mini-Celebrity’ After Attempt to Seize Bank Furniture
(DBN)

In Lean Times for Law Schools, an Opportunity
(DBN)

Law School Transparency: Phoenix School of Law continues to tout phony employment stats to prospective students
(DBN)

Is Writing A Best Seller The Only Way To Pay For Law School?
(DBN)

Dean Explains Why Law School Is The Biggest Catch-22 Of Them All
(DBN)

Lone vote cast for keeping term 'lunatic' in federal law
(DBN)

There are some folks who just exist on a different plane from the rest of us
(DBN)

Former MoFo Summer Associate Acknowledges Lying To Gain Admittance to California Bar
(DBN)

‘Part The Crowds, Barrister Coming Through!’ – The Real Reasons Behind The Bar’s Love Of Wigs And Gowns
(DBN)

Stealth Lawyer: John Berglund, Caribbean Perfumer
(DBN)

Controversial Law Means Checking Facebook At Work Could Be A Federal Crime
(DBN)

'Chick Bank Robber' Busted After Bragging About Crimes On YouTube
(DBN)

Businesses Are Suing Customers For Writing Bad Yelp Reviews
(DBN)

Illinois Man Pleads Guilty in Plot to Abduct Lawyer for Ransom
(DBN)

Lawyer, Who Plotted to Kill Ex-Client While Dating the Man’s Ex-Girlfriend, Gets 8.5 Years
(DBN)

Timesheet Wars: Non-Billable Codes Are Orwellian Busywork
(DBN)

The Luxurious Guatemala Hotel Where John McAfee Is Taking Refuge
(DBN)

Americans Are The Most Spied On People In World History
(DBN)

Couple Abducts Handyman, Forces Him to Do Home Repairs
(DBN)

2 Leading Lawyers Face Unusual Ethics Case re Claimed Conflict in Representing Corp. and Workers
(DBN)

Say What?!
(DBN)

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Judges:

Benchslap of the Day: Keep It Short, Sweet, and Humiliating
(DBN)

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Wall Street:

Stock futures signal early gains
(DBN)

The close : Stocks see gains, but Apple down sharply
(DBN)

Wall Street's Job Cuts Keep Getting Bigger, Expect Worse Next Year
(DBN)

Ritholtz: 'Dot Com Bonus Envy' Stymies Wall St. Reform
(DBN)

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Layoffs:

Citigroup cutting 11,000 jobs, taking $1 billion in charges --- Citigroup Eliminates 11,000 Jobs in History's Most Corporate-Jargony Paragraph Ever --- Breaking Down Citi's Jobs Cuts: Who's at Risk? --- Citigroup layoffs may not go far enough
(DBN)

Storm hits hiring in November; service sector expands
(DBN)

ADP: Private Employment increased 118,000 in November
(DBN)

KPMG to lose 275 staff in restructuring
(DBN)

FedEx to Offer Payouts with Up to 2 Year's Pay
(DBN)

U.S. Job Creation Remains Relatively Positive in November
(DBN)

National and State by State Unemployment Rates
(DBN)

Animated Map of Unemployment
(DBN)

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Corporate Reform:

Big Lots CEO's stock sale triggers SEC investigation
(DBN)

Whistleblowers Lead to $3.3bn in US Recovery
(DBN)

SEC General Counsel Mark Cahn to Leave Job; Three Other Top Regulators Are Also Exiting
(DBN)

ABA Launches Task Force on Corporate Monitors
(DBN)

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Aviation:

Bankruptcy judge approves settlement between American Airlines, Sabre
(DBN)

American strikes deal with Lambert in wake of bankruptcy
(DBN)

Bankruptcy court approves Hawker Beechcraft plant
(DBN)

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Bankruptcy Crimes:

Bridgeport doctor faces felony charges for dermatology practice
(DBN)

Bethesda Woman Pleads Guilty To Concealing Assets In Bankruptcy
(DBN)

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Alternative Energy:

Companies, politicians jostle in U.S.-China bids for bankrupt battery maker
(DBN)

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Religion:

Del. bankruptcy judge rules on ex-priests' files
(DBN)

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Politics:

Rep. Maxine Waters named ranking Democrat on House Financial Services Committee
(DBN)

Elizabeth Warren to join Senate Banking Committee
(DBN)

Despite prolific fund-raising, Warren campaign in debt
(DBN)

17 bills that likely would have passed the Senate if it didn’t have the filibuster
(DBN)

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Education:

Judge OKs Lon Morris College Bankruptcy Loan, Upcoming Auction
(DBN)

Lon Morris media machine gets heavy handed
(DBN)

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Retailing:

More shoppers on Thanksgiving vs Friday
(DBN)

The defunct startup that beat Best Buy in court
(DBN)

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Paper:

NewPage pensioners stuck with back payments
(DBN)

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Economy:

Republicans see some leverage in US 'fiscal cliff' talks --- Ex-Clinton team: Obama can go farther on fiscal cliff proposal --- The GOP's bizarre 'doomsday plan' --- How to Solve the Fiscal Cliff in 1 Easy Move --- “Running on Empty” by Peter G. Peterson --- Sen. Graham: No Debt Ceiling Increase Without Entitlement Reform --- Geithner: Ready to Go Over 'Cliff' If Taxes Don't Rise
(DBN)

Perils of going over the cliff temporarily --- How the Fiscal Cliff Could Cut Your Paycheck By $4000 --- Why President Obama's Tax Hike Will Hurt the 98%
(DBN)

A Tax Calculator for You to Try as Washington Debates
(DBN)

Tax increase or cutting deductions, what's the difference? Plenty, experts say
(DBN)

Productivity Picks Up as U.S. Companies Cut Labor Costs
(DBN)

ISM Non-Manufacturing Index increases in November
(DBN)

Planning on tax refund next year? Good luck
(DBN)

How Middle Class Wealth Collapsed to a 40-Year Low
(DBN)

Capital One Survey Finds Small Business Confidence Holds Steady
(DBN)

Euro zone downturn eases, US service sector accelerates
(DBN)

World's Most Powerful People
(DBN)

Inside The Koch Empire: How The Brothers Plan To Reshape America
(DBN)

Power Factories: The Schools That Make The World's Most Powerful
(DBN)

Subprime Car Loans Rise 3%
(DBN)

US Debt Clock
(DBN)

Economic Indicators Dashboard
(DBN)

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Real Estate:

Mortgage deduction is popular, but few claim it
(DBN)

LPS: Mortgage Delinquency Rates decreased in October
(DBN)

RealtyTrac: Distressed property and REO sales rise in 3Q
(DBN)

MERS win in Washington not open and shut
(DBN)

LPS: Foreclosure starts drop 21.9% on mortgage servicing settlement
(DBN)

MBS litigation 2.0: BofA sues trustee Wells Fargo over put-back
(DBN)

Sale of Dallas' City Lights project is OK'd by court order
(DBN)

Clock running out for owners of prime parcels near McCormick Place
(DBN)

Prairie Blocks plan tossed
(DBN)

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Oil/Gas:

Freeport-McMoRan Rescues McMoRan Exploration In $20 Billion Gulf Of Mexico Deal
(DBN)

The Big Loan Backing Freeport's Energy Deals
(DBN)

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Shipping:

New hope for insolvent German yard group
(DBN)

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Brokers:

MF Global customer claims near resolution - trustee
(DBN)

MF Global Trustee Cites Progress in Resolving Disputes
(DBN)

An embezzler's empire parceled out at auction
(DBN)

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Municipalities:

Pension Wars Round 3: Bondholders Enter the Ring
(DBN)

What would a Detroit bankruptcy bring?
(DBN)

For Detroit, speculation mounts of Michigan-appointed manager
(DBN)

Bankruptcy expert talks on Detroit's financial situation
(DBN)

Michigan leaders craft emergency manager alternative --- Snyder drafts new bill to replace repealed emergency manager law --- Dillon: State will begin emergency manager review process of Detroit --- State gives Detroit an ultimatum: Change now or risk an emergency --- Detroit teetering on the brink of bankruptcy
(DBN)

Flint emergency financial manager Ed Kurtz stays in office after judge's ruling
(DBN)

How Snyder handles possible Detroit bankruptcy, right to work will deeply affect economic recovery
(DBN)

Bankrupt Stockton tries to stop a bloodbath as the city sets a murder record this year
(DBN)

Options for Pennsylvania Cities and Municipalities in Financial Distress
(DBN)

A Thin Line: Economic Growth Or Corporate Welfare?
(DBN)

Municipal bonds: A train wreck waiting to happen
(DBN)

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Turnarounds:

TMA Chicago/Midwest Chapter Announces 2013 Officers, Directors
(DBN)

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Building Supplies:

Columbus' Harvey Lumber Company files Chapter 11 bankruptcy
(DBN)

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Mass Torts:

New Fight Erupts Over Pursuit of Asbestos Claims
(DBN)

Ohio Bill Would End Secrecy Over Asbestos Claims
(DBN)

Kasich to get bill aimed at reducing asbestos lawsuits
(DBN)

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Fraud:

Wells Fargo Banker Sued by SEC in Probe of Insider Trading
(DBN)

Ex-SAC Steinberg Is Unindicted Co-Conspirator, U.S. Says
(DBN)

Trail to a Hedge Fund, From a Cluster of Cases
(DBN)

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Resorts:

Paulson Resorts to Be Sold to GIC After Auction Canceled
(DBN)

Judge finalizes $41M order against luxury resort founder Blixseth
(DBN)

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IP:

Report: Bid Is In for Kodak Patents
(DBN)

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Distressed Investing:

Schulte Roth & Zabel Releases Distressed Investing M&A Report Examining Market for Distressed Assets
(DBN)

MHR to Seek $2.75 Billion for Next Distressed Fund
(DBN)

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Music:

Death Row Records To Be Sold
(DBN)

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Telecoms:

Bankrupt Omnicity acquired for $876,000 by four investors
(DBN)

Dispute over federal loan to wireless firm settled
(DBN)

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New Bankruptcy Opinions
(4 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings (31 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (10 new filings today)
(DBN)

Bankruptcy Code - Prior BK Codes - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

San Antonio: Bankruptcy filings rise in November
(DBN)

Interactive Bankruptcy Statistics Map
(DBN)

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Secured Debt:

Golf fees as cash collateral: strike three you're out
(DBN)

The Curious Case of Security Interests in FCC Licenses
(DBN)

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Subordination:

The Perils of Participations (and Secrets to Successful Subordinations)
(DBN)

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Jurisdiction:

Ninth Circuit Tightens Reins on Bankruptcy Judges
(DBN)

Ninth Circuit Weighs In On Stern v. Marshall and Fraudulent Transfer Actions OR Stern v. Marshall (Yet Again): Are We All Just Making a Mountain Out of a Mole Hill?
(DBN)

9th Circuit Issues Important Post-Stern Opinion
(DBN)

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Cross-Border:

US judge puts units of Mexico's Vitro into bankruptcy
(DBN)

Mexico's Vitro considering legal options after US bankruptcy ruling
(DBN)

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Recent Pleadings:

Bankruptcy Court Places Vitro Subsidiaries Into Involuntary Bankruptcy
(DBN)

Court Rejects Dickinson Theaters' Plan, Not Feasible
(DBN)

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Litigation:

Kroll Study Sees Dramatic Drop in E-discovery Sanctions
(DBN)

Predictive Coding is a Disruptive Innovation that will Change How Law is Practiced
(DBN)

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Banking:

US banks have had a pretty good thirteen quarters
(DBN)

FDIC Problem Banks List Decreases To 3-Year Low
(DBN)

Citigroup to cut more than 11000 jobs as it looks to lower expenses
(DBN)

FDIC: Banks Continue Recovery, "Problem Institutions" Decline
(DBN)

Report: Former Employees Allege Deutsche Bank Hid $12 Billion In Losses
(DBN)

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Hollywood:

David Bergstein Bankruptcy Trustee Threatens Sanctions
(DBN)

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Health Care:

Mass. firm poised to buy Mercy hospital says other losses part of refurb plan
(DBN)

Sutter Health listed as creditor in bankruptcy of Newt Gingrich’s health transformation business
(DBN)

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Finance:

2012 MAC Survey
(DBN)

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Student Debt:

Student-Loan Collections Could Be Subject to Drastic Overhaul --- Collection Targeted for Revamp in Congress
(DBN)

A New Proposal Would Force Student Debt Collectors To Back Off Struggling Graduates
(DBN)

Dropouts: College's 37-Million-Person Crisis—and How to Solve It
(DBN)

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Awards:

Smith Debnam Attorney Named in Corporate Counsel’s Top Rated Lawyers
(DBN)

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Sovereigns:

Holders of Argentine Euro- Bonds Ask to Join US Appeal
(DBN)

Will Argentina Default? It Hangs On A Judge In New York City
(DBN)

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UK:

Osborne clutches at straws amid despair --- UK austerity plan off track --- Osborne squeezes rich and poor --- Cuts corporate tax rate to 21% - Acts to prevent 'artificial transfers of profits to tax havens' --- Pension tax grab extends beyond wealthy
(DBN)

Chancellor wages war on tax avoidance
(DBN)

UK Treasury chief admits rating downgrade threat
(DBN)

Hollyoaks Gemma Merna (Carmel McQueen)says fake lawn company that made her bankrupt made her dream home a living nightmare!
(DBN)

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PIIGS:

Ireland to test economy, public patience with latest budget --- Bankruptcy tourism: Irish tax authorities seek to overturn Northern Irish bankruptcy
(DBN)

Concerns Mount That Investors Might Balk at Debt Buyback in Greece --- Greece Slips to 94th in Corruption Index as Austerity Makes it EU's Weakest Link --- Greek Bond Buyback Leads S&P to Cut to Selective Default --- Minister warns IMF may opt out --- Greek unemployment rate at record 26 pct in September
(DBN)

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Canada:

Sino-Forest Amends Plan of Compromise and Reorganization.
(DBN)

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Israel:

Celebrity Chef Ordered to Pay Debts or Face Jail
(DBN)

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MENA:

UAE bankruptcy law draft may be delayed until end-2013
(DBN)

Kuwait's Global gets full backing for restructuring
(DBN)

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Kazakhstan:

Kazakh bank BTA wins creditor backing for debt deal
(DBN)

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Copyright 2012